Kansaneläkelasta
Kansaneläkelasta, or the Finnish Pension Fund, is a state-administered pension system in Finland. It is designed to provide financial security to individuals during their retirement years. The fund is funded through mandatory contributions from employers and employees, as well as through investment returns. The contributions are based on a percentage of the employee's salary, typically around 7.15% for employers and 1.75% for employees, as of 2023.
The Kansaneläkelasta is managed by the Finnish Social Insurance Institution (Kela), which also administers other social
Eligibility for the Kansaneläkelasta is based on the number of years an individual has contributed to the
The Kansaneläkelasta is a key component of Finland's social welfare system, providing a safety net for individuals